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Agrium Inc

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  • Potash's profit beats as sales rise, costs fall Thursday, 29 Jan 2015 | 10:52 AM ET
    A worker prepares a railcar to transport potash from the Potash of Saskatchewan Lanigan mine in Lanigan, Sasketchewan, Canada.

    Potash Corp. of Saskatchewan reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs.

  • Potash Corp's shares rose more than 3 percent Thursday in Toronto and New York, touching their highest level since May 2012 in Toronto. Potash Corp sold 2.5 million tonnes of potash, the most ever in a fourth quarter and up 42 percent year over year. Potash Corp, the second-biggest potash producer by output after Russia's Uralkali OAO, reported fourth-quarter...

  • Jan 29- Potash Corp of Saskatchewan, the world's biggest fertilizer company by market capitalization, reported a better-than-expected quarterly profit, helped by strong potash sales and lower costs. Potash Corp, the second-biggest potash producer by output after Russia's Uralkali OAO, said on Thursday that improving phosphate market conditions are...

  • *Driven by U.S. companies and some cost cutting in Europe. Chief executives, bankers and investors gathering at the World Economic Forum in Davos, Switzerland, said they expected U.S. companies to take advantage of a rising dollar and robust growth at home to strengthen their position in global markets. "There are always great opportunities in the aftermath of a...

  • UPDATE 1-Agrium shares rise on dividend, buy-back news Thursday, 22 Jan 2015 | 12:59 PM ET

    Jan 22- Canadian fertilizer and farm retail dealer Agrium Inc said it would pay out a larger percentage of its free cash flow as dividends and buy back up to 5 percent of its shares, driving its stock up as much as 5.6 percent. Agrium said it would pay out 40-50 percent of its free cash flow as dividends, up from its earlier target of 25-35 percent. Agrium, which mines...

  • Agrium to pay more in dividend Thursday, 22 Jan 2015 | 9:02 AM ET

    Jan 22- Canadian fertilizer and farm retail dealer Agrium Inc said it would pay out 40-50 percent of its free cash flow as dividend, up from its earlier target of 25-35 percent. Agrium also said the Toronto Stock Exchange has accepted its plan to make a normal course issuer bid for up to 5 percent, or nearly 7.2 million, of the company's common shares over the next 12...

  • Saskatoon, Saskatchewan- based Potash Corp is reviewing its $4.5 billion worth of investments in China's Sinofert Holdings Ltd, Israel Chemicals, Jordan's Arab Potash Co PLC and Chile's SQM. Tilk said he is content with the influence Potash holds at Arab Potash and Sinofert. No decisions have been made, and Potash Corp would not act without consulting the...

  • PARIS, Nov 28- Louis Dreyfus Commodities named Mayo Schmidt, former head of Canadian grain handler Viterra, as its new chief executive in the latest stage of a corporate shake-up at the global trading firm. Louis Dreyfus, one of a quartet of "ABCD" companies that dominate agricultural commodity trading alongside Archer Daniels Midland, Bunge and Cargill, is trying...

  • *Uralkali suspends work at mine after water flows in. *Uralkali is key market player, part-owned by Putin ally. MOSCOW/ YEKATERINBURG, Russia, Nov 19- Shares in Russia's Uralkali, the world's top potash producer, fell sharply for a second day on Wednesday after a mine accident that could reduce global supplies and push up prices of the crop nutrient worldwide.

  • UPDATE 1-Agrium to cut 500 jobs, sell some businesses Wednesday, 5 Nov 2014 | 11:13 AM ET

    WINNIPEG, Manitoba, Nov 5- Canadian fertilizer producer Agrium Inc will cut 500 jobs and look to sell several noncore businesses as it aims to find $475 million in savings by 2017, Chief Executive Chuck Magro said on Wednesday. Agrium will also target savings from reducing working capital at its farm retail business and trimming operating and administrative...

  • WINNIPEG, Manitoba, Nov 4- Agrium Inc has been in "friendly" talks with activist shareholder ValueAct Capital, Chief Executive Officer Chuck Magro said on Tuesday, adding that the hedge fund approves of the Canadian fertilizer company's strategy. ValueAct on Oct. 24 disclosed it had bought a 5.7 percent stake in the company, 1-1/ 2 years after Agrium won a proxy...

  • Oct 16- U.S. farmers are cutting back on spreading fertilizer this autumn in response to a drop in crop prices to multi-year lows and a delayed harvest, dealers say, warning of a pullback that will be felt from grain markets to Canadian potash mines. Reductions in fertilizer use of an estimated 10 to 50 percent by volume could hit profits of producers such as Potash...

  • Cramer: Ominous signs for two stocks Thursday, 2 Oct 2014 | 10:10 AM ET
    Jim Cramer

    Investors should not overlook these companies' pre-announcement to the downside, says CNBC's Jim Cramer.

  • Your first trade for Wednesday Tuesday, 23 Sep 2014 | 6:01 PM ET

    The "Fast Money" traders share their final trades of the day.

  • Calgary- based TransCanada Corp is emerging as a possible target, with several U.S. activist hedge funds reviewing the nearly $38 billion pipeline operator as a break-up candidate, people close to the matter said.

  • TORONTO, Sept 18- Shareholder activism is likely to gather momentum in the Canadian energy industry in the coming months, sparked by some poor stock performance, the success of past campaigns and growing support from large institutional investors.

  • WINNIPEG, Manitoba, Sept 3- A pickup in fertilizer demand has brightened the outlook for North American potash companies who suffered through plunging prices and profits after a European trading consortium collapsed in 2013..

  • Aug 6- Canadian fertilizer and farm retail dealer Agrium Inc's second-quarter profit beat Wall Street estimates as it gained from the inclusion of sales from Viterra Inc's retail centers. Agrium's U.S.-listed shares rose 2 percent to $94 in after-hours trading.

  • After-hours buzz: FOXA, GMCR, JACK & more Wednesday, 6 Aug 2014 | 5:48 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Check out which companies are making headlines after the bell Wednesday: FOXA, GMCR, JACK & more.

  • This is the real worry for stocks Tuesday, 6 May 2014 | 7:59 AM ET

    The bond market is giving the stock market angst.